Allahabad High Court Upholds ₹126 Cr Adani Award, Allows Use In Other Arbitration

The Allahabad High Court, comprising Chief Justice Arun Bhansali and Justice Jaspreet Singh, upheld an arbitral award of over ₹126 crores in favour of Adani Enterprises Ltd. and held that an arbitral award rendered in one proceeding could be used as evidence in another.

The Court clarified that while such an award did not constitute conclusive proof, it carried significant evidentiary value depending on context. It noted that the tribunal’s findings were supported by oral and documentary evidence and that no procedural irregularity existed.

Holding that the tribunal had not exceeded its jurisdiction, the Court dismissed UCM Coal’s appeal under Section 34 of the Arbitration and Conciliation Act, 1996.